HIGHLIGHTED NEWS
The Ministry of Construction has removed the proposal to regulate limited-term ownership of apartments from the draft revised Housing Law, continuing to maintain the mechanism of indefinite-term apartment ownership as per current regulations. At the same time, the draft still stipulates that the lifespan of a building will be based on design documents and inspection results as a basis for extending the lifespan, renovating, or demolishing it when necessary, and is still under review and revision before submission to the competent authority.
According to the Ministry of Finance, as of July 9th, the whole country had disbursed 370,854 billion VND of public investment capital, reaching 36.8% of the plan assigned by the Prime Minister. However, the disbursement value in the week from July 3rd to July 9th only reached nearly 9,906 billion VND, equivalent to 16.1% compared to the previous week, indicating a slowdown in disbursement progress despite the majority of the 2026 capital plan having been allocated.
TRADING STRATEGY
The stock market returned to a sideways movement and closed slightly higher at 1,806.63 points, with lower-than-average trading volume. Although the VN-Index faced downward pressure early on, retreating to around 1,770 points, support from oil and chemical stocks helped the index quickly narrow its decline and reverse course. Overall sentiment improved. Foreign investors reduced net selling. From an overall perspective, the market currently lacks several key factors to confirm the return of a medium-term uptrend. The VN-Index may trade sideways within a narrow range around 1,800 points in the upcoming trading sessions. Nevertheless, investors should pay more attention to stocks that are consolidating after the previous large downward correction and are less affected by the multi-directional fluctuations of the overall market.
The VN-Index is likely to fluctuate between 1,780 and 1,815 points today. Investors should closely monitor price movements and manage risk based on the individual performance of each stock in their short-term portfolio. On the other hand, for medium- and long-term portfolios, prioritize holding or partially investing in fundamentally sound stocks with attractive valuations and positive prospects for business growth in the second half of 2026.
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